February 2005
Islamic finance awards 2005: A year of expansion and innovation
Islamic finance has made striking advances in the past year in its prime market of Muslim individuals, sovereigns and institutions, and among non-Muslim issuers and consumers attracted to Shariah-compliant products.
It has been an extraordinary year for Islamic banking. A transaction volume has been reached that would have been inconceivable only a couple of years ago and technical sophistication has extended Islamic finance into areas previously thought to be beyond the limits of Shariah compliance.
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